-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HR6P0l5fbwoHXecOHsiGdmt5fEslTOpSd7EaBchhKIiSDIWxoYtOscgDALTomIbi ZOtvW5STwJSd7SupAhBuGA== 0000902664-03-000013.txt : 20030103 0000902664-03-000013.hdr.sgml : 20030103 20030103172744 ACCESSION NUMBER: 0000902664-03-000013 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030103 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DARLING INTERNATIONAL INC CENTRAL INDEX KEY: 0000916540 STANDARD INDUSTRIAL CLASSIFICATION: FATS & OILS [2070] IRS NUMBER: 362495346 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46534 FILM NUMBER: 03503791 BUSINESS ADDRESS: STREET 1: 251 O CONNOR RIDGE BLVD STREET 2: STE 300 CITY: IRVING STATE: TX ZIP: 75038 BUSINESS PHONE: 9727170300 MAIL ADDRESS: STREET 1: 251 OCONNOR RIDGE BLVD STREET 2: #300 CITY: IRVING STATE: TX ZIP: 75038 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MORGENS WATERFALL VINTIADIS & CO INC CENTRAL INDEX KEY: 0001016150 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT [3721] IRS NUMBER: 132674766 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 10 EAST 50TH STREET STREET 2: 10 EAST 50TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127050500 MAIL ADDRESS: STREET 1: 10 EAST 50TH ST CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 srz9356780v1.txt MORGENS/PHOENIX - DARLING INTERNATIONAL INC. ---------------------------- OMB APPROVAL ---------------------------- OMB Number 3235-0145 Expires: October 31, 2002 Estimated average burden hours per response ... 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6)* Darling International Inc. ----------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share ----------------------------------------------------------------------------- (Title of Class of Securities) 237266101 ----------------------------------------------------------------------------- (CUSIP Number) Edwin H. Morgens 600 Fifth Avenue, New York, NY 10020 (212) 218-4100 ---------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 2, 2002 ----------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not to be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 27 Pages Exhibit Index Appears on Page 26 SCHEDULE 13D CUSIP No. 237266101 Page 2 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Phoenix Partners 13-6272912 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 160,574 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH _____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 160,574 - See Response to Item 5 WITH _____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 160,574 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.3% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 3 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Betje Partners 13-3118883 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 2,278 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH _____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 2,278 - See Response to Item 5 WITH _____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,278 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 4 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morgens Waterfall Income Partners 13-2829306 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 233,187 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH _____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 233,187 - See Response to Item 5 WITH _____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 233,187 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 5 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners, L.P. 13-3502415 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 884,193 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH _____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 884,193 - See Response to Item 5 WITH _____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 884,193 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.4% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D CUSIP No. 237266101 Page 6 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners II, L.P. 13-3553296 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 1,746,980 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 1,746,980 - See Response to Item 5 WITH ____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,746,980 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.8% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 7 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners III, L.P. 13-3618702 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 1,445,937 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 1,445,937 - See Response to Item 5 WITH ____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,445,937 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.3% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 8 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners IV, L.P. 13-3687058 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 900,369 - See Response to Item 5 SHARES _________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH _________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 900,369 - See Response to Item 5 WITH ________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 900,369 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.5% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 9 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Restart Partners V, L.P. 13-3812417 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 150,000 - See Response to Item 5 SHARES ___________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ___________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 150,000 - See Response to Item 5 WITH ___________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,000 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 10 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Common Fund for Non-Profit Organizations 13-7037968 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 1,266,775 - See Response to Item 5 SHARES __________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ___________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 1,266,775 - See Response to Item 5 WITH ____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,266,775 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.0% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 11 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON MWV Employee Retirement Plan Group Trust 13-3845507 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* WC - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 1,648 - See Response to Item 5 SHARES ________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 1,648 - See Response to Item 5 WITH ________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,648 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.0% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON EP - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 12 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Phaeton International (BVI) Ltd. None - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 109,932 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 109,932 - See Response to Item 5 WITH ____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 109,932 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.2% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 13 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Morgens, Waterfall, Vintiadis & Company, Inc. 13-2674766 - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION New York State - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 1,378,985 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 1,378,985 - See Response to Item 5 WITH ____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,378,985 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.2% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON CO - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 14 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Edwin H. Morgens ###-##-#### - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 6,901,873 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 6,901,873 - See Response to Item 5 WITH ____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,901,873 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.1% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 237266101 Page 15 of 27 Pages - ----------------------------------------------------------------------------- 1) NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON John C. Waterfall ###-##-#### - ----------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------------------- 3) SEC USE ONLY - ----------------------------------------------------------------------------- 4) SOURCE OF FUNDS* AF - ----------------------------------------------------------------------------- 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ----------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ----------------------------------------------------------------------------- NUMBER 7) SOLE VOTING POWER OF 6,901,873 - See Response to Item 5 SHARES _____________________________________________________ BENEFICIALLY 8) SHARED VOTING POWER OWNED BY -0- EACH ____________________________________________________ REPORTING 9) SOLE DISPOSITIVE POWER PERSON 6,901,873 - See Response to Item 5 WITH ____________________________________________________ 10) SHARED DISPOSITIVE POWER -0- - ----------------------------------------------------------------------------- 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,901,873 - ----------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.1% - ----------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - ----------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Darling International Inc. Page 16 of 27 Pages Schedule 13D January 3, 2003 Item 1. Security and Issuer. - ------- -------------------- This Amendment No. 6 ("Amendment") amends the statement on Schedule 13D filed by the Reporting Persons (as defined below), with the Commission on September 8, 1994, as amended by Amendment No. 1 filed with the Commission on November 10, 1994, by Amendment No. 2 filed with the Commission on December 7, 1994, by Amendment No. 3 filed with the Commission on March 20, 1995, by Amendment No. 4 filed with the Commission on April 10, 1995 and by Amendment No. 5 filed with the Commission on September 18, 1996 (collectively, the "Statements") with respect to shares of common stock, par value $.01 per share ("Common Stock") and options to purchase the Common Stock ("Options"), of Darling International Inc. (the "Issuer"). The principal executive offices of the Issuer are located at 251 O'Connor Ridge Blvd., Suite 300, Irving, Texas 75038. This Amendment supplements and, to the extent inconsistent therewith, amends the information set forth in the Statements. Item 2. Identity and Background. - ------- ------------------------ This Amendment is filed jointly by (a) Phoenix Partners ("Phoenix"), (b) Betje Partners ("Betje"), (c) Phaeton International (BVI) Ltd. ("Phaeton"), (d) Morgens Waterfall Income Partners ("MWIP"), (e) Morgens, Waterfall, Vintiadis & Company, Inc. ("Morgens Waterfall"), (f) Restart Partners L.P. ("Restart"), (g) Restart Partners II, L.P. ("Restart II"), (h) Restart Partners III, L.P. ("Restart III"), (i) Restart Partners IV, L.P. ("Restart IV"), (j) Restart Partners V, L.P. ("Restart V"), (k) MWV Employee Retirement Plan Group Trust ("MWV Plan"), (l) The Common Fund for Non-Profit Organizations (the "Common Fund"), (m) Edwin H. Morgens ("Morgens") and (n) John C. Waterfall ("Waterfall" and together with the persons listed in paragraphs (a) through (m), the "Reporting Persons"). Morgens Waterfall Vintiadis Investments N.V. which was one of the Reporting Persons listed in Amendment No. 5, was dissolved in February 1997. Darling International Inc. Page 17 of 27 Pages Schedule 13D January 3, 2003 Phaeton has the following Board of Directors: Name Address ---- ------- Halvor Astrup Fearnley Group A/S 35-38 Portman Square London W1HOEU, England Dr. M. Colyer Crum Harvard Business School Cambridge, Massachusetts Bassam Aburdene Capital Trust Ltd. 49 Mount Street London WIY5RE, England Fred Arthur Rank Packard Center 45 45 London Wall London EC2, England Mr. Astrup, a citizen of Norway, is Vice Chairman of Fearnley Group and Chairman of Fearnley Finance Ltd., companies principally engaged in project development in the international shipping industry. Dr. Crum, a U.S. citizen, is a professor at the Harvard Business School, where he holds the James R. Williston Chair of Investment Management. Mr. Aburdene, a U.S. citizen, is a Managing Partner of Capital Trust Limited, a London-based financial services company which is jointly owned by United States and Middle Eastern institutions and investors. Mr. Packard, a British citizen, is a partner of Banco de Investimentos Garantia, a leading Brazilian investment bank. Phoenix, MWIP and Betje are New York limited partnerships having their principal address at 600 Fifth Avenue, New York, Darling International Inc. Page 18 of 27 Pages Schedule 13D January 3, 2003 New York 10020. The principal business of Phoenix, MWIP and Betje is to invest in securities of United States issuers. Morgens and Waterfall are (i) the general partners of MWIP and (ii) the managing members of MW Management LLC, which is the general partner of Phoenix. All of the information concerning Morgens and Waterfall is set forth below. Restart, Restart II, Restart III, Restart IV and Restart V are Delaware limited partnerships having their principal address at 600 Fifth Avenue Street, New York, New York 10020. The principal business of Restart, Restart II, Restart III, Restart IV and Restart V is to invest in securities of financially troubled companies. The general partner of Restart is Prime Group, L.P. ("Prime Group"), a Delaware limited partnership, having its principal address at 600 Fifth Avenue, New York, New York 10020. The principal business of Prime Group is to act as the general partner of Restart. The general partner of Prime Group is Prime, Inc., a Delaware corporation ("Prime"), having its principal office at 600 Fifth Avenue, New York, New York 10020. The principal business of Prime is to act as general partner of Prime Group, Prime II, Prime III, Prime IV and Prime V (as discussed below). Morgens is the Chairman of the Board of Directors and the Secretary of Prime. Waterfall is the President of Prime and is also a Director. All of the information concerning Morgens and Waterfall is set forth below. The general partner of Restart II is Prime Group II, L.P. ("Prime II"), a Delaware limited partnership, having its principal address at 600 Fifth Avenue, New York, New York 10020. The principal business of Prime II is to act as the general partner of Restart II. The general partner of Prime II is Prime. All of the information concerning Prime is set forth above. The general partner of Restart III is Prime Group III, L.P. ("Prime III"), a Delaware limited partnership, having its principal address at 600 Fifth Avenue, New York, New York 10020. The principal business of Prime III is to act as the general partner of Restart III. The general partner of Prime III is Prime. All of the information concerning Prime is set forth above. The general partner of Restart IV is Prime Group IV, L.P. ("Prime IV"), a Delaware limited partnership, having its principal Darling International Inc. Page 19 of 27 Pages Schedule 13D January 3, 2003 address at 600 Fifth Avenue, New York, New York 10020. The principal business of Prime IV is to act as the general partner of Restart IV. The general partner of Prime IV is Prime. All of the information concerning Prime is set forth above. The general partner of Restart V is Prime Group V, L.P. ("Prime V"), a Delaware limited partnership, having its principal address at 600 Fifth Avenue, New York, New York 10020. The principal business of Prime V is to act as the general partner of Restart V. The general partner of Prime V is Prime. All of the information concerning Prime is set forth above. MWV Plan is a trust established in 1994 for the benefit of the employees of Morgens Waterfall. The trustees of MWV Plan are Waterfall, Morgens, Linda Venturella, Joann McNiff and John Raphael, all of whom are employees of Morgens Waterfall. MWV Plan's principal address is 600 Fifth Avenue, New York, New York 10020. Morgens Waterfall is a New York corporation having its principal address at 600 Fifth Avenue, New York, New York 10020. The business of Morgens Waterfall is rendering of financial services and as such it provides discretionary investment advisory services pursuant to contracts with MWV and Betje. In addition, Morgens Waterfall provides discretionary investment advisory services to the Common Fund and in that capacity has been granted investment authority over the Common Fund to vote securities registered in the name of the Common Fund. Under the rules promulgated by the Securities and Exchange Commission, Morgens Waterfall and its principals may be considered "beneficial owners" of securities acquired by MWV, Betje and the Common Fund as a result of its advisory relationship to MWV, Betje and the Common Fund. Morgens is the Chairman of the Board of Directors and the Secretary of Morgens Waterfall. Waterfall is the President and Assistant Secretary of Morgens Waterfall and is also a Director. Morgens Waterfall has no other officers and directors. The primary occupations of Morgens and Waterfall are to act as the principals in the business of Morgens Waterfall. The business address of Morgens and Waterfall, each of whom is a United States citizen, is at the office of Morgens Waterfall at 600 Fifth Avenue, New York, New York 10020. As of May 10, 2002 Waterfall resigned his position as a Director of the Issuer (as reflected in the Issuer's Form S-1 filed 5/23/02). During the past five years, none of the persons described in this Item 2 have been convicted in a criminal proceeding. None of such persons is, and during the past five years none has been, subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating Darling International Inc. Page 20 of 27 Pages Schedule 13D January 3, 2003 activities subject to, federal or state securities laws, or finding any violations with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. - ------- -------------------------------------------------- The Common Stock held by the Reporting Persons was purchased with working capital, and no part of the purchase price was represented by funds or other consideration specially borrowed or otherwise specifically obtained for the purpose of acquiring, holding, trading or voting the securities. Item 4. Purpose of Transaction. - ------- ----------------------- The Common Stock was acquired by the Reporting Persons in the ordinary course of business, solely as an investment. At present, the Reporting Persons (i) have no plans or proposals that relate to or would result in any of the actions enumerated in Item 4 of Schedule 13D and (ii) are relying on the Issuer's board of directors and management to develop a strategy to enhance the value of shareholder investment in the Issuer. The Reporting Persons reserve the right to buy additional securities of the Issuer or sell securities of the Issuer from time to time. Item 5. Interest in Securities of the Issuer. - ------- ------------------------------------- (a) and (b) The following is the amount of Common Stock, and Options that are beneficially owned by each Reporting Person: Darling International Inc. Page 21 of 27 Pages Schedule 13D January 3, 2003 Percentage Name # of Shares # of Options Total of Class - ---- ----------- ------------ ----- --------- Phaeton 105,400 4,532 109,932 0.2 Betje 0 2,278 2,278 0.0 MWIP 226,307 6,880 233,187 0.4 Phoenix 154,200 6,374 160,574 0.3 Restart 858,097 26,096 884,193 1.4 Restart II 1,695,419 51,561 1,746,980 2.8 Restart III 1,403,265 42,672 1,445,937 2.3 Restart IV 873,798 26,571 900,369 1.5 Restart V 150,000 0 150,000 0.2 Common Fund 1,229,387 37,388 1,266,775 2.0 MWV Plan 0 1,648 1,648 0.0 - ---- ----------- ------------ --------- --------- Total 6,695,873 206,000 6,901,873 11.1 Morgens Waterfall does not directly own any of the Common Stock or Options. Morgens Waterfall may be deemed to indirectly beneficially own 1,378,985 shares of Common Stock, assuming exercise of the Options, by virtue of contracts with Phaeton (109,932 shares), Common Fund (1,266,775 shares) and Betje (2,278 shares) pursuant to which Morgens Waterfall provides discretionary investment advisory services. Waterfall does not directly own any of the Common Stock or Options. Waterfall may be deemed to indirectly beneficially own 6,901,873 shares of Common Stock, assuming exercise of the Options, by virtue of his positions as general partner of Phoenix (160,574 shares) and MWIP (233,187 shares); as President, Assistant Secretary and a Director of Morgens Waterfall (1,378,985 shares); as President and a Director of Prime, as general partner of each of Prime Group, Prime II, Prime III, Prime IV and Prime V, as general partners of Restart (884,193 shares), Restart II (1,746,980 shares), Restart III (1,445,937 shares), Restart IV (900,369 shares) and Restart V (150,000 shares) respectively; and as trustee of MWV Plan (1,648 shares). Morgens does not directly own any of the Common Stock or Options. Morgens may be deemed to indirectly beneficially own 6,901,873 shares of Common Stock, assuming exercise of the Options, Darling International Inc. Page 22 of 27 Pages Schedule 13D January 3, 2003 by virtue of his positions as general partner of Phoenix (160,574 shares) and MWIP (233,187 shares); as Chairman of the Board of Directors and Secretary of Morgens Waterfall (1,378,985 shares); as Chairman of the Board of Directors and Secretary of Prime, as general partner of each of Prime Group, Prime II, Prime III, Prime IV and Prime V, as general partners of Restart (884,193 shares), Restart II (1,746,980 shares), Restart III (1,445,937 shares), Restart IV (900,369 shares) and Restart V (150,000 shares), respectively; and as trustee of MWV Plan (1,648 shares). Each Reporting Person hereby disclaims that it has any beneficial interest in the securities owned, directly or indirectly, by any other entity. (c) The following is a list of all transactions involving the Common Stock and Options during the past 60 days by any of the Reporting Persons: Common Stock Name Date sold/purchased Price/Share ---- ---- -------------- ----------- Betje 12/02/02 88,874 sold $1.20 Phaeton 12/10/02 6,400 sold 1.71 Phaeton 12/11/02 2,000 sold 1.65 Phaeton 12/16/02 7,900 sold 1.60 Phaeton 12/18/02 8,100 sold 1.61 Phaeton 12/19/02 15,600 sold 1.61 Phaeton 12/20/02 11,200 sold 1.62 Phaeton 12/23/02 400 sold 1.65 Phaeton 12/24/02 2,917 sold 1.65 Phaeton 12/26/02 1,500 sold 1.65 Phaeton 12/30/02 12,000 sold 1.76 Phaeton 12/31/02 4,400 sold 1.80 Phoenix 12/10/02 4,000 sold 1.71 Phoenix 12/11/02 3,000 sold 1.65 Phoenix 12/16/02 11,500 sold 1.60 Phoenix 12/18/02 11,900 sold 1.61 Phoenix 12/19/02 22,900 sold 1.61 Phoenix 12/20/02 16,283 sold 1.62 Phoenix 12/23/02 600 sold 1.65 Phoenix 12/24/02 4,283 sold 1.65 Phoenix 12/26/02 1,900 sold 1.65 Phoenix 12/30/02 17,600 sold 1.76 Phoenix 12/31/02 6,400 sold 1.80 MWV Plan 12/02/02 94,971 sold 1.20 (d) Except as set forth above, no other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock or Options. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships - ------- with Respect to the Securities of the Issuer. -------------------------------------------------------- Darling International Inc. Page 23 of 27 Pages Schedule 13D January 3, 2003 Except to the extent described in Items 2 and 5, none of the persons identified in Item 2 is a party to any contract, arrangement, understanding or relationship with respect to any securities of the Issuer. Item 7. Material to be Filed as Exhibits. - ------- --------------------------------- EXHIBIT A Power of Attorney, dated December 15, 1993 granted to Messrs. Morgens and Waterfall by the following parties: Mr. John C. Waterfall; Phoenix Partners; Morgens Waterfall Income Partners; Betje Partners; Phaeton International (BVI) Ltd.; Morgens, Waterfall, Vintiadis Investments N.V.; The Common Fund for Non-Profit Darling International Inc. Page 24 of 27 Pages Schedule 13D January 3, 2003 Organizations; Morgens Waterfall Vintiadis & Company, Inc.; Restart Partners, L.P.; Restart Partners II, L.P.; Restart Partners III, L.P.; Restart Partners IV, L.P.; Morgens Waterfall, Vintiadis & Co., Inc. Employees' Profit Sharing Plan; and Mr. Edwin H. Morgens, for the specific purpose of executing on their behalf any Schedule 13Ds and amendments thereto for filing with the Securities and Exchange Commission pursuant to the requirements of Rule 13d-1(f) (incorporated by reference to Exhibit A of Amendment No. 2 to Schedule 13D filed on December 22, 1993 by Phoenix Partners; Betje Partners; Phaeton International (BVI) Ltd.; Morgens, Waterfall, Vintiadis Investments N.V.; Morgens Waterfall Vintiadis & Company, Inc.; Edwin H. Morgens; and John C. Waterfall with respect to the common stock, par value $.01 per share, of Sudbury, Inc.). EXHIBIT B Power of Attorney, dated September 18, 1996 granted to Messrs. Morgens and Waterfall by Restart V, L.P. Darling International Inc. Page 25 of 27 Pages Schedule 13D January 3, 2003 SIGNATURES After reasonable inquiry and to the best knowledge and belief of each person or entity set forth below, each such person or entity certifies that the information set forth in this statement is true, complete and correct and agrees that this statement is filed on behalf of each of them. Dated: January 3, 2003 The Reporting Persons listed herein By: /s/ John C. Waterfall -------------------------------- John C. Waterfall, as attorney-in-fact of the Reporting Persons Darling International Inc. Page 26 of 27 Pages Schedule 13D January 3, 2003 EXHIBIT INDEX Page No. -------- Exhibit A Power of Attorney Incorporated by Reference Exhibit B Power of Attorney 27 Darling International Inc. Page 27 of 27 Pages Schedule 13D January 3, 2003 POWER OF ATTORNEY The undersigned hereby agrees to appoint Edwin H. Morgens and Bruce Waterfall each with full power of substitution, as its attorney-in-fact for the specific purpose of executing on its behalf any Schedule 13Ds and amendments thereto for filing with the Securities and Exchange Commission pursuant to the requirements of Rule 13d-1(f). IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be duly executed as of September 18, 1996. RESTART PARTNERS V, L.P. BY: PRIME GROUP V, L.P., as general partner BY: PRIME, INC., as general partner By: /s/ Bruce Waterfall ----------------------------------- Bruce Waterfall, as agent -----END PRIVACY-ENHANCED MESSAGE-----